RED ALERT IN USA : NEW BANKING CARTEL FINANCIAL TERRORISTS FRAUD ON USA TAX PAYERS: VISIT MAX KEISER WEB SITE AND LISTEN
every American must visit MAX KEISER WEB SITE AND LISTEN TO NEW FRAUD BY USA BANKING FINANCIAL TERRORISTS CARTEL ON TAX PAYERS
HIGH TREASON CRIMINAL RULERS IN THEIR POCKETS
NETFLIX FRAUD AND GOLDMAN SACHS FRAUD MANIPUALTION SOFTWARE: LOOT IN BILLIONS CONTINUE...............
Our Supreme Court is also sold out to banksters like High Treason Criminal Ruling Elites
Here is the proof:
TUESDAY, JULY 7, 2009
Goldman Sachs Admits Its Software Can "Manipulate Markets in Unfair Ways”
Goldman Sachs says that its program trading software can be used to manipulate markets:
The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.
(and see this).
Given that Goldman obviously knows how to use its own program - which it paid many millions for - isn't that a virtual admission that Goldman has been manipulating markets?
I heard of a guy a few years ago that went on record about a software that could manipulate and HIDE traces of market manipulation. he is out of job now and dirt poor- he was fairly rich and succesfull business manager untill he found this software to be doing something illegal and reported it to his boss.. it's a long story, a MP3 audio file, maybe someone know what i am thinking of?
Goldman Trading-Code Investment Put at Risk by Theft (Update3)
By David Glovin and Christine Harper - July 6, 2009 23:47 EDT
July 6 (Bloomberg) -- Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said.
Sergey Aleynikov, an ex-Goldman Sachs computer programmer, was arrested July 3 after arriving at Liberty International Airport in Newark, New Jersey, U.S. officials said. Aleynikov, 39, who has dual American and Russian citizenship, is charged in a criminal complaint with stealing the trading software. Teza Technologies LLC, a Chicago-based firm co-founded by a former Citadel Investment Group LLC trader, said it suspended Aleynikov, who started there on July 2.
At a court appearance July 4 in Manhattan, Assistant U.S. Attorney Joseph Facciponti told a federal judge that Aleynikov’s alleged theft poses a risk to U.S. markets. Aleynikov transferred the code, which is worth millions of dollars, to a computer server in Germany, and others may have had access to it, Facciponti said, adding that New York-based Goldman Sachs may be harmed if the software is disseminated.
“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public today. “The copy in Germany is still out there, and we at this time do not know who else has access to it.”
The prosecutor added, “Once it is out there, anybody will be able to use this, and their market share will be adversely affected.”
The proprietary code lets the firm do “sophisticated, high- speed and high-volume trades on various stock and commodities markets,” prosecutors said in court papers. The trades generate “many millions of dollars” each year.
Defense attorney Sabrina Shroff said in court that the government’s allegations are “preposterous.” The firm was aware that Aleynikov, who is the father of three young girls, was downloading programs to his personal computer to do work at home and that he hasn’t disseminated the code, the lawyer said.
“If Goldman Sachs cannot possibly protect this kind of proprietary information that the government wants you to think is worth the entire United States market, one has to question how they plan to accommodate every other breach,” she said.
Michael DuVally, a spokesman for Goldman Sachs in New York, declined to comment.
U.S. Magistrate Judge Mark Fox ordered Aleynikov, who earned $400,000 a year, to be held by on $750,000 bail, after prosecutors claimed he posed a threat to the community. Aleynikov planned to earn three times his salary by joining a startup company and engaging in high-volume automated trading, prosecutors said. Aleynikov posted bail today and was released.
Aleynikov didn’t speak at the hearing, except to say that he understood the conditions of his bail.
Teza, co-founded by former Citadel trader Misha Malyshev, said in an e-mailed statement that it first learned of the allegations on July 5 and suspended Aleynikov without pay following an investigation.
The firm “was not aware of the alleged misconduct” and offered to cooperate with the government, according to the statement.
“Someone stealing that code is basically stealing the way that Goldman Sachs makes money in the equity marketplace,” said Larry Tabb, founder of TABB Group, a financial-market research and advisory firm. “The more sophisticated market makers -- and Goldman is one of them -- spend significant amounts of money developing software that’s extremely fast and can analyze different execution strategies so they can be the first one to make a decision.”
Someone could use the code “to implement the same strategies and maybe on certain stocks they can be faster and, in effect, take away money that would normally be Goldman’s,” Tabb said today in a phone interview. “The second thing that they can do is actually analyze the code so that they know what Goldman’s going to do before Goldman does it and kind of reverse engineer Goldman’s strategies and make money basically at the expense of Goldman.”
Harvey Pitt, former chairman of the U.S. Securities and Exchange Commission, said proprietary electronic data poses significant risks for all financial institutions.
“This is a wake-up call to all financial institutions to review their security systems, not just with respect to trading codes, but with respect to all proprietary information,” said Pitt, now chief executive officer of Kalorama Partners LLC in Washington.
Goldman appeared to have taken some steps to prevent the theft of its code, Pitt said. “The real question is whether, in light of this outrageous conduct on the part of one of its employees, it should have taken more steps,” Pitt said.
Aleynikov spent four hours with a Federal Bureau of Investigation agent after his July 3 arrest, Shroff said. He told the agent that he’d done nothing wrong, authorized prosecutors to seize his personal computers, and said he hadn’t known the server he was using was in Germany, she said.
Only 32 of 1,024 megabits of the software code was transferred, Shroff said.
“It is not disseminated,” she said of the code.
Facciponti said at the hearing that Aleynikov could disseminate the code “in 10 minutes” using a cell phone. Once the government obtains access to the German server, prosecutors will see if Aleynikov transferred other confidential data as well, he said. It’s logical to conclude that Aleynikov planned to use the code at his new company, the prosecutor said.
“This is the most substantial theft that the bank can remember ever happening to it, in the sense the entire platform has been taken from it,” Facciponti said. “There has been no breaches anywhere on this magnitude at the bank.”
Aleynikov worked at Goldman from 2007 until June, the government said in the complaint. He was part of a team of workers responsible for improving the computer platform. His alleged transfer of computer codes ran from June 1 to June 5, according to prosecutors.
Aleynikov studied applied mathematics at the Moscow Institute of Transportation Engineering before transferring to Rutgers University, where he received a bachelor’s degree in computer science in 1993 and a master’s of science degree, specializing in medical image processing and neural networks, in 1996, according to his profile on the social-networking site LinkedIn.
Before joining Goldman Sachs, he worked for about eight years at IDT Corp., the U.S. vendor of prepaid calling cards, where he led the team responsible for developing routing systems, according to the profile.
His profile on LinkedIn describes him as a vice president in equity strategy at Goldman Sachs and includes two recommendations from colleagues at the firm.
Goldman was the world’s biggest and most profitable securities firm until it converted to a bank in September following the bankruptcy of smaller rival Lehman Brothers Holdings Inc. Goldman earned $2.3 billion last year, down from a record $11.6 billion in 2007, as market turmoil caused it to report a fourth-quarter loss, its first in a decade as a public company.
Goldman’s equities business generated $2 billion of revenue in the first three months of 2009, down 20 percent from the first quarter of 2008, the company reported in April. Second-quarter results are due to be reported next week.
Goldman rose $2.97, or 2.1 percent, to $146.46 in New York Stock Exchange composite trading.
The case is U.S. v. Aleynikov, U.S. District Court, Southern District of New York (Manhattan).
To contact the reporters on this story: David Glovin in New York federal court at
insolvency is foregone conclusion.......................
RED ALERT : USA HIJACKED BY HOME GROWN FINANCIAL AL QAEDA LED BY BANKSTER TERRORISTS: USA PENSIONS GETTING ROBBED WITH FULL PROTECTION AND WEAPONS PROVIDED BY OUR HIGH TREASON RULERS
S.E.C: TORA BORA CAVES...WHERE FINANCIAL TERRORISTS GETTING ALL SHELTER/PROTECTION AND WEAPONS TO LOOT EVERY PENNY CONTRIBUTIONS BY 99% WORKING MIDDLE CLASS TO BE LOOTED AND TRANSFERRED INTO 1% HOME GROWN FINANCIAL AL QAEDA POCKETS
FRAUD LOOT SCAM OVER $15B+ GOLDMAN SACHS/REED HASTINGS SCAM GANG: & S.E.C CRIMINALS PROVIDE ALL SCAM WEAPONS FOR LOOT TO CONTINUE WITHOUT ANY FEAR....
RED ALERT IN USA: FRAUD LOOT IN BILLIONS AND S.E.C. CRIMINALS STILL PROTECTING CRIMINAL REED HASTINGS SCAM GANG
NETFLIX SCAM LOOT PLAY BOOK DEBATE WILL REVEAL HOW BIG TRAITOR RULERS AT BANKING COMMITTEE ARE IN USA
PROVEN CRIMINALS REED HASTINGS/BARRY McCARTHY/TECHNOLOGY CROSS VENTURES ARE OPERATING AN ORGANZIED LOOT PONZI SCAM VIA NETFLIX(NFLX) ON WALL STREET Organized crime groups are often involved in crimes that are considered white collar offenses. A number of crimes committed by organized groups are done so for the purposes of financial gain. This is called racketeering, which is a felony crime. Characteristics of Organized Crime Groups Organized crime offenses vary greatly, but, there are some generalizations that apply to the groups as a whole. They are all developed based on a hierarchy of power and importance associated with the individuals in the group. They are stable organizations that usually exist over very long periods of time. They may use violence to defend the interests of the group. They usually have political or social protection that keeps them safe from retaliation from the surrounding community, including law enforcement. Their purpose is to accumulate capital which is then reinvested into the operations and businesses run by the group. The majority of organized crime groups operate behind the mask of legitimate businesses. In some cases, their racketeering practices involve the bribery and manipulation of legitimate business owners or public officials. This prevents their racketeering practices from being detected. WHERE IS FBI? DOJ? White-collar crimes cost the United States more than $300 billion annually according to the FBI.
RED ALERT IN USA: FRAUD LOOT IN BILLIONS AND S.E.C. CRIMINALS STILL PROTECTING CRIMINAL REED HASTINGS SCAM GANG
And providing all weapons to keep the fraud bubble loot going
open challenge in USA to debate insolvent netflix insider scam with fraud street crime partners
Ouch! The Netflix Price-Change Hangover [View article]
Reed Hasting's is a carnival barker, a mountebank, a flim-flam man, a charlatan and a confidence man. The CFO left the company in January, because he was aware of the fake accounting at NFLX, the lies and the false hype. The Head of investor relations left 3 months ago, because she could no longer lie, about the companies activities and accounting. Both left before any investigation into accounting, or investigation into the manipulation of the stock by hedge funds begins. Goldman Sachs, Morgan Stanley. JP Morgan, Piper Jaffray and many other financial institutions have been colluding to manipulate this stock thru proprietary trading in their hedge funds. Goldman Sachs picked NFLX as their latest Ponzi Scheme, because Reed Hastings is just the perfect Machiavellian con-man. Lloyd Blankfein And Reed Hastings are as thick as thieves. It was Goldman Sachs that forced Facebook executives to add Reed Hasting to their Board of directors, to manipulate the stock price. Reed Hasting is a false Messiah, in league with Goldman Sachs, deceiving Americans, and The indolent regulators who have been paid off by Goldman Sachs. The SEC directors are bribed by Goldman not to do their job, with promises of $4 million a year jobs after they leave the SEC, at banks, the very banks they are supposed to regulate. The SEC is corrupted and compromised by Goldman Sachs, "the Great Deceiver"
Exposing Inside Enrich Scam by Netflix Insiders and their Wall Street Partners
All Watch Dog Agencies in USA will be tested:Do they care for working class Pension? Loot by Home Grown Financial Bankster Terrorists continue?
S.E.C Refused to Investigate:Criminal Robert Khuzami Still protecting and loot continues
Price/Volume Manipulation Fraud continues
Pump/Dump News Spin scam
Enron/Worldcom Style Cook Book Scam
Inside Information Trading Scam
$200M Debt used for Short Squeeze Bub
Scam Update 2012
SCAM PLAY BOOK
No Banker in Jail?
Sentiment: Strong Sell